Amazon, founded in 1994, is the world’s largest online retailer of books, clothing, electronics, music and other goods and, in 2019, earned net sales revenue of over 280 billion U.S. dollars. Amazon’s service offerings have increased over the years and now include a retail products branch, retail third-party seller services, retail subscription services, Amazon Web Services (AWS) as well as other related services. Due to global interest in cloud services and the disruption they are causing across various sectors, AWS has played an increasingly important role in the cloud services industry and has become an important revenue earner for Amazon. In 2013, AWS earned revenues of just over 3 billion U.S. dollars, a number which has since ballooned and sits at over 35 billion U.S. dollars as of 2019.
Cloud market showing strong growth
The cloud market is growing rapidly and represents an important opportunity for the retail and IT giant. The overall cloud applications services (SaaS) market is expected to experience a compound average growth rate of 12 percent between 2018 and 2022, with cloud system infrastructure services (IaaS) and cloud application infrastructure services (PaaS) expected to grow at a rate of 18 percent and 17.1 percent respectively. In terms of market size, these individual cloud service segments are expected to achieve revenues of 151 billion U.S. dollars (SaaS), 58 billion U.S. dollars (PaaS), and 74 billion U.S. dollars (IaaS) by 2022.
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In the following 4 chapters, you will quickly find the 27 most important statistics relating to "Amazon Web Services".